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Hungary's central bank sets limits on withdrawals at NHB Bank

The Hungarian central bank imposed a 30-day restriction on the withdrawal of deposits worth more than 7 million Hungarian forints at NHB Növekedési Hitel Bank Zrt., citing liquidity problems at the lender, Reuters reported Dec. 18.

The regulator noted that the withdrawal restrictions would affect 67 private and 88 corporate clients of NHB Bank, a small local lender.

The liquidity shortage at the lender does not pose any risks to the overall stability of the country's financial system, the central bank was cited by the newswire as saying.

As of Dec. 18, US$1 was equivalent to 283.60 Hungarian forints.